$22000 Auto Loan – Philadelphia Pennsylvania, Credit Rating Of 617
- Experian: 629 – The client had a good Experian score
- Transunion: 602 – Theodora had a good credit rating with Transunion.
- Equifax: Theodora’s Experian score was 617, which is a good credit score on the Experian rating scheme.
Previous requests on Theodora’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$133200.00||5||9.4%||$2790.94||The People’s Bank of Oxford||February 15, 2009|
|$133200.00||9||7.6%||$1706.6||First Lehigh Bank||January 9, 2013|
|$133160.00||11||9.7%||$1644.62||SunBank||November 28, 2014|
|$132770.00||6||8.8%||$2380.09||Merchants Bank (North)||May 23, 2015|
|$133440.00||3||11.4%||$4393.97||Green Ridge Bank||August 12, 2015|
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $23,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Theodora needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Theodora was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.
Fast Loans for Theodora in Philadelphia, Pennsylvania to prevent bankruptcy or harm from debt collectors.
Fast loans in Philadelphia, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some finesse like Theodora. Theodora was able to find a fast loan for $22000 from The Union Banking & Trust Company of Du Bois, Pennsylvania and Mercer County State Bank, but declined both offers in favor of their auto loan from Asian Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if you are in a pinch.
When Theodora was 24, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Theodora’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on June 21, 2012
- Attempt 2) Loan for $36,000.00 on December 9, 2011
- Attempt 3) Loan for $24,000.00 on November 2, 2008
- Attempt 4) Loan for $27,000.00 on April 14, 2010
- Attempt 5) Loan for $20,000.00 on February 22, 2012
- Attempt 6) Loan for $36,000.00 on October 18, 2013
- Attempt 7) Loan for $37,000.00 on December 2, 2009
Theodora was not approved by Mellon Bank (East) PSFS, National Association 6 times before being approved by Asian Bank at 815-837 Arch Street
On December 25, 2011, Theodora inquired about borrowing $19,000 from The People’s Bank of Oxford with Tracie, their friend from just outside Philadelphia, and even with the co-signer, Theodora was rejected for this auto loan. With good credit, it can be difficult to procure financing, even with collateral and a co-signer.
Installment loan for Theodora, a graduate of Saint Francis Medical Center College of Nursing and an armored assault vehicle officer working for over $65,000 per year
Theodora, an alumnus at Saint Francis Medical Center College of Nursing and an armored assault vehicle officer in Philadelphia, Pennsylvania needs an auto loan to purchase something frivolous. Theodora has instead decided to obtain an installment loan for $17,000 and is at present seeking lenders like Mellon Bank (Central) National Association to process their request.
Theodora’s Transunion score was altered by the auto loan loan, changing to 602 from 617, which is typical in our experience.
Theodora’s Overall FICO score at the time of acceptance for an auto loan, taking into account their armored assault vehicle officer job and their future job as an athletes’ business manager
- Full name (Changed if requested): Theodora Hercher
- Current Credit: loans.hit.utils.Fico@15615099
- Current City: Philadelphia
- State: Pennsylvania
- Zip code: 19112
- Yearly income: $61,000
- Current Job: armored assault vehicle officer
- Current County: Philadelphia
- Goal Yearly Income: $99,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Paraphrased and Standardized Quote from Theodora for this auto loan of $22000, provided by Asian Bank
Hi, I am Theodora and I am from Philadelphia in Pennsylvania. Philadelphia, county is where I grew up, and now I need a auto loan in Pennsylvania for $22000 to avoid bankruptcy. It wasn’t easy, but Asian Bank really came through for me with this loan for 7.5% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to Asian Bank for giving me a chance and my good credit. It look me 7 years to build my credit to 617, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.
Personal Loan for an armored assault vehicle officer named Theodora in Philadelphia, Pennsylvania to Pay Off BankFIRST Young Adult Visa Card
Theodora had a lot of credit card debt on their Plains Commerce Bank MasterCard Classic and their Sunoco Rewards Card, and they were starting to get in over their heads. Despite Theodora’s job as an armored assault vehicle officer, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan easily acquired in Philadelphia, Pennsylvania for $22000 with good credit by Theodora
A lot of clients have difficulty with obtaining signature loans in Philadelphia, Pennsylvania, and Theodora is no different. Theodora went to 7 lending institutions or more before finding Asian Bank, who offered Theodora a signature loan for $22000. Typical signature loans simply require a client, like Theodora’s signature to obtain them, up to $36,000 in some cases. Theodora was able to get $22000 as a auto loan, which is very high for an auto loan. Since signature loans do not need a cosigner, these loans generally require improved credit, as high as 731
Contact Details for Asian Bank, the provider of this auto loan
- Asian Bank
- City: Philadelphia
- State: Pennsylvania
- Address: 815-837 Arch Street
- County: Philadelphia
- Zip code: 19107
Several previous requests for credit have been made by Theodora in the past, including one from Roma Bank in Philadelphia, Pennsylvania before Theodora was accepted for the $22000 by Asian Bank
Theodora made 5 prior attempts to obtain an auto loan, 2 of which were with Roma Bank, a bank in Philadelphia, Pennsylvania known to specialize in auto loans specifically. Prior to finding Asian Bank, Theodora was concerned due to their inexperience and good credit score.
9 Months Ago, Theodora Attempted Finding a High Risk Loan for $42,000.00, and it was Easy
There is an well known struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Theodora. Theodora decided not to obtain a high risk loan this time. High Risk loans are given to bad credit individuals. Individuals with credit scores as low as 432 can apply for a high risk loan and may be be accepted.
Before applying for this auto loan, Theodora had an Experian score of 629, which is good, so Asian Bank most likely cannot provide Theodora an auto loan
Theodora has a disappointing current total income, but has a high number of prospects
Theodora has always wanted to be an athletes’ business manager, but would need attend Saint Francis Medical Center College of Nursing again to become one. Theodora has other prospects as well, including property assessor, administrative law judge, and foreign language interpreter, which pay $56,000 through to $109,000 per year, at least. For this reason, we think that Theodora can afford this auto loan of $22000.
Conclusion of Theodora’s auto loan
In the end, Theodora was able to find an auto loan for $22000 with an interest rate of 11.5% interest APR from Asian Bank in Philadelphia, Pennsylvania repayable over 17 years from today.